11th March 2010
Friday, July 30th, 2010
IKEA wants own bank in Poland
Germany-based Ikano Bank, owned by the IKEA Group, has told the Financial Supervision Authority that it plans to set up a division in Poland. IKEA currently co-operates with Alior Bank in the Polish consumer finance market.
IKEA's spokesperson in Poland, Aleksandra Sikora, confirmed that talks are currently underway with Ikano, which now operates in Europe, Singapore and Malaysia.
Ikano's group revenue in 2008 totaled €2.9 billion. IKEA, which reported a group income of €21.2 billion in the year ending August 31, 2009, operates 267 stores worldwide, eight of which are in Poland.
Source: Rzeczpospolita
From Warsaw Business Journal
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